this post was submitted on 20 Mar 2024
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Asklemmy
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Well, idk about set for life. Most trades I know spend all their money on toys, and get too old physically before realizing that maybe they should've been saving for retirement all those years.
I had a travel job broadly under the umbrella of trades, we were pulling like 85k+ between overtime and per diem working 6 days a week. Maybe 2 months into this job we were having some meeting about the upcoming 2 week break for Christmas and one of the younger guys makes some comment about missing out on hours and says 'man we're broke'.
I'm just sitting there like ???? I thought you guys were exaggerating about the $1k+ nights at strip clubs. I had already maxed my ira contributions and run out of things I could think of to waste money on.
An Arborist I knew made bank, but threw it down the sink with every paycheck.
Be sure to learn how to invest kids, compound interests pays well and you don't have to work doing something you hate if your money works for you.